Header Right

Bad Credit

The origin of banks was someone with money lending to someone in need of money. There was a profit element which made the exercise worthwhile. Not a great deal has changed over the years and today’s financial sector includes a number of players. There are the traditional financial institutions which in recent years have tended to be fairly conservative. The new breed of financial companies that have grown as the Internet has become more popular and direct personal lenders have tended to be far more progressive in lending at competitive rates, even to those with a poor credit history.
What Is the Risk of Private Lending Institutions?
There is always an element of risk lending money without any security being offered. The recession resulted in widespread real estate foreclosure, unemployment rising, almost doubling as a percentage of the overall workforce and debt default across the board. With so many people having poor credit scores as a result there was suddenly a market for … [Read more...] about Guaranteed Approval for Loans with Low Credit Score from Legal Lending Sources